Kansas Statutes
§ 40-283a — Premium financing or extension of credit for term exceeding one year prohibited; renewal of agreement at expiration of term
Kansas § 40-283a
This text of Kansas § 40-283a (Premium financing or extension of credit for term exceeding one year prohibited; renewal of agreement at expiration of term) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Kan. Stat. Ann. § 40-283a (2026).
Text
From and after the effective date of this act, no life insurance company authorized to do business in this state nor any insurance agent thereof shall enter into or arrange for an agreement with a purchaser or prospective purchaser of any life insurance policy to finance the cost of any premium or extend credit in the amount of any premium for a term exceeding one year. At the expiration of any such term, such life insurance company or agent may enter into or arrange for a new agreement to finance the cost of any premiums or extend credit in the amount of any premium for an additional term of not to exceed one year.
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Legislative History
L. 1976, ch. 213, § 1; July 1.
Nearby Sections
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Classification of insurable property§ 40-1004
Directors; election; vacancy§ 40-1005
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Officers; election; term§ 40-1007
Deposit notes§ 40-101
Name§ 40-1011
Property to be assessed and taxed§ 40-1012
Bylaws§ 40-1013
Classification of risksCite This Page — Counsel Stack
Bluebook (online)
Kansas § 40-283a, Counsel Stack Legal Research, https://law.counselstack.com/statute/ks/40-283a.